Walleye Capital LLC Makes New $1.24 Million Investment in F.N.B. Co. (NYSE:FNB)

Walleye Capital LLC acquired a new position in shares of F.N.B. Co. (NYSE:FNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 83,725 shares of the bank's stock, valued at approximately $1,237,000.

Several other hedge funds have also modified their holdings of the stock. PL Capital Advisors LLC acquired a new position in F.N.B. in the 4th quarter valued at approximately $308,616,000. Norges Bank acquired a new stake in F.N.B. during the fourth quarter valued at $50,205,000. Raymond James Financial Inc. purchased a new position in F.N.B. in the fourth quarter valued at about $15,801,000. Prospector Partners LLC purchased a new stake in shares of F.N.B. during the 4th quarter worth about $12,091,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of F.N.B. by 490.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 929,683 shares of the bank's stock valued at $13,741,000 after buying an additional 772,134 shares during the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William B. Campbell purchased 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $15.57 per share, with a total value of $46,710.00. Following the purchase, the director now directly owns 158,834 shares in the company, valued at $2,473,045.38. The trade was a 1.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David L. Motley sold 15,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $15.51, for a total transaction of $232,650.00. Following the completion of the transaction, the director now directly owns 65,344 shares of the company's stock, valued at $1,013,485.44. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.37% of the company's stock.

F.N.B. Price Performance

Shares of NYSE:FNB traded down $0.05 during midday trading on Friday, reaching $13.37. 353,163 shares of the company's stock were exchanged, compared to its average volume of 2,472,294. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.94. The company's 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $14.72. F.N.B. Co. has a 12 month low of $10.88 and a 12 month high of $17.70. The firm has a market capitalization of $4.80 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.60 and a beta of 0.86.

F.N.B. (NYSE:FNB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. F.N.B. had a return on equity of 8.30% and a net margin of 18.12%. The business had revenue of $411.61 million for the quarter, compared to analyst estimates of $409.52 million. During the same period in the prior year, the company earned $0.34 EPS. Equities research analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current fiscal year.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Monday, March 3rd. F.N.B.'s dividend payout ratio is 38.10%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FNB shares. DA Davidson reiterated a "buy" rating and issued a $19.00 target price on shares of F.N.B. in a research note on Thursday, April 17th. Keefe, Bruyette & Woods upgraded F.N.B. from a "market perform" rating to an "outperform" rating and set a $16.50 price target for the company in a research note on Monday. Wells Fargo & Company cut their price objective on F.N.B. from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler cut their target price on shares of F.N.B. from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.75.

F.N.B. Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.